RBI:
RBI has reviewed the guidelines for discount future cash flows for the purpose of determining the diminution in fair value of loans on restructuring and has decided that a rate equal to the actual interest rate charged to the borrower before restructuring may be used to discount the future cash flows for the purpose of determining the diminution in fair value of loans on restructuring. In cases where the existing credit facilities to a borrower carry different rates of interest, the weighted average interest rate (with share of each credit facility in the total outstanding of the borrower as on the date of restructuring being used as weights) may be used as the discounting rate. This discount rate may be used to discount both the pre-restructuring cash flows as well as post-restructuring cash flows.
DGFT:
DGFT has made amendments to the Foreign Trade Policy 2015-20 by inserting paragraph 2.54A in the Handbook of Procedures of FTP 2015-20, and Appendices 2N-2, 2G-1 and 2H-1 in Appendices and Aayat Niryat Forms of FTP 2015- 20. Further provisions relating to import of certain categories of processed metallic scrap, at designated ports having Scanners/Radiological Detection Equipments (RDEs) facilities shall only be allowed subject to fulfillment of various condition and on furnishing of bank guarantee of Rupees 10,00,000/- (Rupees Ten Lakh) to the Customs as security amount.
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